Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining us. For those of you who are new to the show I have spent the last 40 years in the real estate industry both as a realtor and a mortgage banker. The show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. I believe that most people are looking for practical advice. Please feel free to call 215-740-8999 or visit peterbuchsbaum.com.
Please join us live on the web at www.wbcb1490.com or on your FREE app Tune In Radio from 9:00am to 10:00 am every Friday.
So last week we were fortunate enough to be joined by a former client and Bucks County Housing Group. .
This week the Real Estate News was pretty robust compared with the last few weeks. With the Federal Reserve having held on “tapering” all eyes are now on the budget impasse and the debt ceiling. With each side looking at their necessary agenda rather than the American people the rates are again volatile. So let’s start with home prices continue to rise. This is obviously a great thing. Prices are up 12.4% over a year ago. The month over month was slower than the previous month. The question now is did the rise in interest rates slow the sales down? New home prices continue to climb and this stat says no! Interest rates are not affecting sales. The Case Shiller study is based on the closing date and New Home Sales is based on Contract date. And let us end the news with a story that tells me I was right all along. Bank of America needs to change its name. They have no right to use the name of this great country if they continue to treat Americans the way they do. Bank of Not My America is being fined by the department of Labor for job discrimination from 1993 through 2005. The judge found them guilty of “unfair and inconsistent selection criteria.” Shame on you! Change your name.
Today Eddie and I are joined by my old friends John LaSalle and A. J. Dougherty from Universal Credit. Universal Credit has grown to be one of the largest National providers of mortgage services, lending services and trimerged credit reports by consistently providing the industry’s top customer service. Since 1992, Universal Credit Services has helped industry leaders mitigate risk, close loans faster, overcome underwriting challenges, save on costs and provide professional assistance every step of the way.
Universal knows that there are many choices in credit reporting services. Their impeccable customer service helps makes that choice a simple one.
NO VOICEMAIL: Instead they invest in great people to provide great service. Their FCRA compliant customer service team answers the phone each time you call. No waiting in a call queue or navigating a complex menu.
Please join us live at www.wbcb1490.com for the open discussion about how vitally important your credit is to your existence.
In combination with CBS and WPHT 1210 am we have also been fortunate enough to have been asked to write some articles in “Local Living Magazine” to explore some of the questions you all ask us and the answers we provide. Look for your latest issue this month. For a FREE subscription please email us.
Each week we discuss the myths of the mortgage market. It is not about rate. A higher rate with no mortgage insurance may provide a lower payment.